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The U.S. Securities and Exchange Commission (SEC) has announced that it will not be appealing the Grayscale case, which is seen as a significant development for holders of GBTC and ETHE. This decision paves the way for the launch of a Bitcoin Spot ETF. The news comes after SEC Chair Gensler remained silent on a possible appeal ahead of the midnight deadline. The SEC's decision not to appeal the case has led to a rise in Bitcoin prices as Friday draws to a close.